$640,000 Mortgage Loan Payments and Costs

Home Price

Down Payment

Down Payment (%)

Mortgage Loan Length

Interest Rate

Loan Summary

Use the mortgage calculator to calculate the cost of buying a $640k home. Change the numbers to see different options.
This calc can be used for car loans, debt, real estate, home purchase, etc.

Can I afford a 640,000 dollar house? It depends.
In addition to the mortgage payment, a home also has insurance, maintenance, and taxes.
Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income
on housing.

How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.

How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $640,000 house.

2% interest

0% down

$2,365.56/mo

5% down

$2,247.29/mo

10% down

$2,129.01/mo

15% down

$2,010.73/mo

20% down

$1,892.45/mo

25% down

$1,774.17/mo

30% down

$1,655.90/mo

35% down

$1,537.62/mo

40% down

$1,419.34/mo

45% down

$1,301.06/mo

50% down

$1,182.78/mo

4% interest

0% down

$3,055.46/mo

5% down

$2,902.68/mo

10% down

$2,749.91/mo

15% down

$2,597.14/mo

20% down

$2,444.37/mo

25% down

$2,291.59/mo

30% down

$2,138.82/mo

35% down

$1,986.05/mo

40% down

$1,833.27/mo

45% down

$1,680.50/mo

50% down

$1,527.73/mo

6% interest

0% down

$3,837.12/mo

5% down

$3,645.27/mo

10% down

$3,453.41/mo

15% down

$3,261.55/mo

20% down

$3,069.70/mo

25% down

$2,877.84/mo

30% down

$2,685.99/mo

35% down

$2,494.13/mo

40% down

$2,302.27/mo

45% down

$2,110.42/mo

50% down

$1,918.56/mo

Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.